Terawulf Inc is trading at $23.55 (down 10.1%) as stronger-than-expected U.S. jobs data raised the odds of higher-for-longer interest rates, pressuring high-beta growth names and crypto-linked stocks.
- The decline follows a sharp slide in major cryptocurrencies, with Bitcoin falling approximately 4.3% and Ethereum dropping roughly 10.1% since the last close.
- The broader sell-off in risk assets is weighing heavily on crypto-mining and digital-asset infrastructure plays, which typically track the performance of the underlying crypto market.